PJFV vs. MRCP

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM Jennison Focused Value ETF (PJFV) and PGIM US Large-Cap Buffer 12 ETF - March (MRCP).

PJFV and MRCP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJFV is an actively managed fund by PGIM. It was launched on Dec 12, 2022. MRCP is an actively managed fund by PGIM. It was launched on Feb 29, 2024.

Performance

PJFV vs. MRCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Focused Value ETF (PJFV) and PGIM US Large-Cap Buffer 12 ETF - March (MRCP). The values are adjusted to include any dividend payments, if applicable.

PJFV vs. MRCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PJFV PGIM Jennison Focused Value ETF	1.34%	18.65%	12.44%
MRCP PGIM US Large-Cap Buffer 12 ETF - March	-1.03%	14.13%	11.42%

Returns By Period

In the year-to-date period, PJFV achieves a 1.34% return, which is significantly higher than MRCP's -1.03% return.

PJFV

• 1D: 2.63%
• 1M: -4.13%
• YTD: 1.34%
• 6M: 6.37%
• 1Y: 21.86%
• 3Y*: 20.85%
• 5Y*: —
• 10Y*: —

MRCP

• 1D: 1.86%
• 1M: -2.94%
• YTD: -1.03%
• 6M: 1.61%
• 1Y: 13.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PJFV vs. MRCP - Expense Ratio Comparison

PJFV has a 0.75% expense ratio, which is higher than MRCP's 0.50% expense ratio.

PJFV

PGIM Jennison Focused Value ETF

MRCP

PGIM US Large-Cap Buffer 12 ETF - March

Return for Risk

PJFV vs. MRCP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PJFV

PJFV Risk / Return Rank: 73
PJFV Sharpe Ratio Rank: 73
PJFV Sortino Ratio Rank: 70
PJFV Omega Ratio Rank: 75
PJFV Calmar Ratio Rank: 70
PJFV Martin Ratio Rank: 77

MRCP

MRCP Risk / Return Rank: 72
MRCP Sharpe Ratio Rank: 66
MRCP Sortino Ratio Rank: 69
MRCP Omega Ratio Rank: 80
MRCP Calmar Ratio Rank: 63
MRCP Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PJFV vs. MRCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Value ETF (PJFV) and PGIM US Large-Cap Buffer 12 ETF - March (MRCP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PJFV	MRCP	Difference
Sharpe ratio Return per unit of total volatility	1.31	1.19	+0.12
Sortino ratio Return per unit of downside risk	1.78	1.79	-0.01
Omega ratio Gain probability vs. loss probability	1.28	1.32	-0.03
Calmar ratio Return relative to maximum drawdown	1.79	1.65	+0.13
Martin ratio Return relative to average drawdown	8.31	9.54	-1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PJFV vs. MRCP - Sharpe Ratio Comparison

The current PJFV Sharpe Ratio is 1.31, which is comparable to the MRCP Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of PJFV and MRCP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PJFV	MRCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.19	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	1.24	+0.06

Correlation

The correlation between PJFV and MRCP is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PJFV vs. MRCP - Dividend Comparison

PJFV's dividend yield for the trailing twelve months is around 0.68%, while MRCP has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
PJFV PGIM Jennison Focused Value ETF	0.68%	0.68%	1.31%	1.20%	0.12%
MRCP PGIM US Large-Cap Buffer 12 ETF - March	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PJFV vs. MRCP - Drawdown Comparison

The maximum PJFV drawdown since its inception was -18.15%, which is greater than MRCP's maximum drawdown of -10.73%. Use the drawdown chart below to compare losses from any high point for PJFV and MRCP.

Drawdown Indicators

	PJFV	MRCP	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-10.73%	-7.42%
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	-8.36%	-4.45%
Current Drawdown Current decline from peak	-4.88%	-3.04%	-1.84%
Average Drawdown Average peak-to-trough decline	-2.18%	-0.81%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	1.45%	+1.30%

Volatility

PJFV vs. MRCP - Volatility Comparison

PGIM Jennison Focused Value ETF (PJFV) has a higher volatility of 5.55% compared to PGIM US Large-Cap Buffer 12 ETF - March (MRCP) at 3.48%. This indicates that PJFV's price experiences larger fluctuations and is considered to be riskier than MRCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJFV	MRCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	3.48%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	4.84%	+4.60%
Volatility (1Y) Calculated over the trailing 1-year period	16.83%	11.29%	+5.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	9.48%	+4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.08%	9.48%	+4.60%